Consolidated Annual Accounts 2017

Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 2 and 29). In the event of discrepancy, the Spanish-language version prevails. 2 ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF PROFIT OR LOSS THE YEAR ENDED 31 DECEMBER 2017 Thousands of euros NOTES 2017 2016 Revenue 19-a 983,969 962,583 Other operating income 68,109 58,531 Programme amortisation and other procurements 19-b (475,619) (462,926) Staff costs 19-c (133,281) (131,169) Other operating expenses 19-d (241,035) (225,029) Depreciation and amortisation 6 and 7 (17,780) (17,759) Impairment and gains/(losses) on disposal of non-current assets 129 208 PROFIT FROM OPERATIONS 184,492 184,439 Net gain/(loss) on changes in value of financial instruments at fair value 20 (13,877) (6,919) Exchange differences 20 16,811 7,906 Financial loss 20 (4,907) (3,604) Impairment and gains/(losses) on disposals of financial assets 20 (4,781) (5,366) Share of profit/(loss) of associates 8 (1,165) (1,738) PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 176,573 174,718 Income tax expense 22-b (34,465) (45,605) PROFIT FOR THE YEAR 142,108 129,113 Loss attributable to non-controlling interests - 39 PROFIT ATTRIBUTABLE TO THE PARENT 142,108 129,152 Earnings per share: 2017 2016 From continuing operations Basic 24 0.63 0.57 Diluted 24 0.63 0.57 The accompanying Notes 1 to 28 are an integral part of the consolidated statement of profit or loss for the year ended 31 December 2017.